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lori: the dow closed down 50 points largely due to preparation from washington. she is a daily deal sites are falling today. let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology management, a way they can work with some of the thousands of existing vendors, supposedly will help them to better support the merchants overseas going forward and give them exclusivity with this particular company but this acquisition today puts them under pressure about 4% and that is why you're seeing it down about $0.19. merry christmas, everybody. david: ilog one of my groupon things to expire. it is not a total loss. lori: it is not front and center in people's priority list. david: s&p futures are closed right now. that's about to larry at the cme to see how things mig
lori: the dow closed down 50 points largely due to preparation from washington. she is a daily deal sites are falling today. let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology...
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toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> australia had a mass killing in the mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we have the second amendment and the hisry back to washington. given that we are a different culture, the kinds of laws that we pass are almost always an effective as a result, because there are00 million weapons out there today. unless you recall them the way that australia did, and we cannot do that -- you would have a reservoir that would last 100 years. >> you can imagine what would happen. there would be an insurrection. >> you do not have
toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> australia had a mass killing in the mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you...
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. >> reporter: an emotional reunion at naval air station woube island in washington state. >> i love you. >> reporter: the final men and lady of the yellow jacket squadron returned to their families home for good from iraq. >> just in time for christmas. >> we worked hard to make sure that happened and we're here. it's a good day i think for everybody. >> reporter: just last week a caravan of u.s. soldiers and supplies crossing the border from iraq into kuwait marking the last american combat troops to leave after almost nine years of fighting. now at fort hood texas, tears and relief as these nearly 200 soldiers marched toward their families. they are among the very last u.s. combat soldiers to leave the country and return home. >> it feels great. i'm real happy. it's been almost a whole year and i'm just ready to get home and spend some good time with my family. >> reporter: their return these families say is simply the best gift. >> just to have your son and your fiance out of harm's way and home. where you can put your hands around them. >> reporter: last december was also the ti
. >> reporter: an emotional reunion at naval air station woube island in washington state. >> i love you. >> reporter: the final men and lady of the yellow jacket squadron returned to their families home for good from iraq. >> just in time for christmas. >> we worked hard to make sure that happened and we're here. it's a good day i think for everybody. >> reporter: just last week a caravan of u.s. soldiers and supplies crossing the border from iraq into...
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>> guest: george washington didn't think a lot of the militia. he growled about a lot of times but also made some remarks that aloud how the militia was a useful thing to have. they could have built the continental army with the existence of the militia and people that have been in the militia and more importantly the volunteers and others who knew how to use firearms, and that was the key. >> host: so people were using these on the frontier protecting the indians, native americans, hunting certainly, and then in the colony's some sense of responsibility for the common good. >> guest: right. the common law right to have the firearms came with a civic duty to use them when called upon. >> host: who was in charge of these? >> guest: local commanders, towns. later on became more broadbased, but as tensions and hostility is mounted between the british authorities and the colonists in approach to the revolutionary war, it was seen by many of the leaders of the time has an advantage that we americans knew how to use firearms. >> host: at this time was
>> guest: george washington didn't think a lot of the militia. he growled about a lot of times but also made some remarks that aloud how the militia was a useful thing to have. they could have built the continental army with the existence of the militia and people that have been in the militia and more importantly the volunteers and others who knew how to use firearms, and that was the key. >> host: so people were using these on the frontier protecting the indians, native americans,...
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due in large part to the uncertainty in washington. talks are on hold. no real progress in the negotiations. we will be checking in with peter barnes. investors have chosen to remain on the sidelines. first, to the markets. taking a look at where we stand. it is a holiday shortened session. trading and at 1:00 p.m. volume is like. the dow is up 44 points. the russell 2000 down four tenths of a percent. not a lot of movement. twenty-four of the 30 dow components are in the red. tech stocks, though, are the biggest drag. hewlett-packard is the worst performer on the down right now. microsoft is also, well, soft. similar story for research in motion. rim plunged 23% on concerns of its services and business. we approach the tail end of the holiday shopping season. home depot, by the way, solidly in the grain. one of the best performers on the dow this year. walmart just barely on the upside. costco slightly down. that gets you up to speed on the market and some of the stocks making moves. let's get right to the floor show. let's begin with ben willis. here w
due in large part to the uncertainty in washington. talks are on hold. no real progress in the negotiations. we will be checking in with peter barnes. investors have chosen to remain on the sidelines. first, to the markets. taking a look at where we stand. it is a holiday shortened session. trading and at 1:00 p.m. volume is like. the dow is up 44 points. the russell 2000 down four tenths of a percent. not a lot of movement. twenty-four of the 30 dow components are in the red. tech stocks,...
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but still concerns now from washington about washington, about the fiscal cliff, traders of course don't think anything is getting settled today. they are even talking about the fact that it might get pushed back to the middle of january or something. a lot of speculation and guessing going on, but in the meantime, a little bit of pullback here. let's take a look at facebook. facebook on the other hand a different story. getting a buy rating over at needham and companies, up 2 1/2%. the price target is $33, up from $25. getting close to the $38 ipo price. they obviously have high hopes for the mobile realm for facebook and that's why they raised their targets and has a buy rating. back to you. dagen: thank you, nicole. dennis: where are the shoppers? after a strong start, forecast called for robust holiday season. dagen: but shoppers are not living up to those expectations. adam shapiro is here to explain what the heck is going on. adam: where they go. dagen: it's empty. adam: you should be done with your shopping by now. the national retail federation has not changed their prediction, t
but still concerns now from washington about washington, about the fiscal cliff, traders of course don't think anything is getting settled today. they are even talking about the fact that it might get pushed back to the middle of january or something. a lot of speculation and guessing going on, but in the meantime, a little bit of pullback here. let's take a look at facebook. facebook on the other hand a different story. getting a buy rating over at needham and companies, up 2 1/2%. the price...
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it's monday december twenty fourth christmas eve here in washington d.c. i'm maggie lopez and you're watching r t well remember scenes like this that were happening across the country during the height of the occupy movement protests. now with the occupy movement turned to fight back in court that is the november thirtieth of last year over three hundred protesters were arrested in at the los angeles city hall after being kept out in the vicinity for over two months and estimated fourteen hundred officers clad in police riot gear showed up and blazed through the encampment and what protesters are now calling a shock in all attacks on their civil rights now five of those people are representing two hundred ninety two others who were also arrested they filed a class action lawsuit for both the arrests as well as the protesters treatment while in custody joining me now for more on the lawsuit is one of the named plaintiffs in this case michael prysner he's an activist and founder of march forward he's also an iraq war veteran and a medical thank you for joini
it's monday december twenty fourth christmas eve here in washington d.c. i'm maggie lopez and you're watching r t well remember scenes like this that were happening across the country during the height of the occupy movement protests. now with the occupy movement turned to fight back in court that is the november thirtieth of last year over three hundred protesters were arrested in at the los angeles city hall after being kept out in the vicinity for over two months and estimated fourteen...
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even after the constitution is adopted and washington is in office. you have the whiskey tax and the whiskey rebellion. how did they respond to that? >> that went better. sure. they recognized that they needed a strong federal power, needed to be -- needed to be these checks that would ensure that the states kept powers as well. >> host: over time, then, during the 1800s, the rest of the 1800s, we can -- 1900s, continue to have guns play a role in society, particularly ton the frontier, any surprises studying that era. >> the many thing that surprise mid was gun control in the wild west -- plenty of guns there, and, in reality, you couldn't carry a gun around in a town like. >> host: dodge or -- >> guest: dodge city is a good example. there were laws against that. you had to deposit your arms. if you were a cowboy who came in from the plains there was place where you were supposed to store your pistol if you had one. >> host: that didn't fit with the way most people think about it. >> guest: this is in settlements. knotted out in the wild prairie. but
even after the constitution is adopted and washington is in office. you have the whiskey tax and the whiskey rebellion. how did they respond to that? >> that went better. sure. they recognized that they needed a strong federal power, needed to be -- needed to be these checks that would ensure that the states kept powers as well. >> host: over time, then, during the 1800s, the rest of the 1800s, we can -- 1900s, continue to have guns play a role in society, particularly ton the...
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police in suburban washington say mike crapo was pulled over after running a red light yesterday. he failed several sobriety tests. he was taken to jail and released on bond. he's expected to be in court in january. he says he takes total responsibility. >>> overseas to afghanistan. abc news has learned a top navy s.e.a.l. commander has died. the death of 42-year-old job price is being investigated as suicide. military officials say he died of a gunshot wound. he was a member of s.e.a.l. team 4, a special navy warfare unit. >>> only one week to go now and there is still no deal preventing the economy from going over that now infamous fiscal cliff. members of congress are still pointing fingers over who is to blame for the lack of progress. to prevent the tax hikes and spending cuts from aching effect january 1st. meanwhile, connecticut's independent senator, joe lieberman, expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's the first time that i feel like it's more likely that we'll go over the cliff than not. if we allow
police in suburban washington say mike crapo was pulled over after running a red light yesterday. he failed several sobriety tests. he was taken to jail and released on bond. he's expected to be in court in january. he says he takes total responsibility. >>> overseas to afghanistan. abc news has learned a top navy s.e.a.l. commander has died. the death of 42-year-old job price is being investigated as suicide. military officials say he died of a gunshot wound. he was a member of...
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washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to washington wednesday or thursday and try to hammer out a deal. most likely a short-term deal to get us past the cli
washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though...
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good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are headlines for tuesday december eighteenth two thousand japanese pension funds are starting to invest in gold for the first time according to the wall street journal they're looking to mitigate the damage of market shocks and reduce the risks associated with currencies the paper says until recently they've invested .
good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are headlines for tuesday december eighteenth two thousand japanese pension funds are starting to invest in gold for the first time according to the wall street journal they're looking to mitigate the damage of market shocks and reduce the risks associated with currencies the paper says until recently they've invested .
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washington, d.c., about 43 degrees. we are actually going to see a storm system move from the west coast and eventually start to spread into the okechukwu okechukwu and arkansas area. there is the chance we could end up with about five to six inches of snow. the first time little rock, arkansas, will have seen snow on christmas day since 1926. so a big deal, especially when it's happening around christmas time. chicago could get a little bit of a wintery mix as we go through the day today and down across the southeast, that's where most of the showers are. some of those showers have been heavy at times, and that will continue to move eastward as we go into christmas day. now christmas day in the northeast, it does look like we might start off with a little bit of the white stuff tonight into tomorrow morning. not much. maybe just a dusting, a coating on the ground, then it will change over to a few light rain showers. 37 degrees with a little bit of snow up into boston on christmas day. chicago will also see some of tha
washington, d.c., about 43 degrees. we are actually going to see a storm system move from the west coast and eventually start to spread into the okechukwu okechukwu and arkansas area. there is the chance we could end up with about five to six inches of snow. the first time little rock, arkansas, will have seen snow on christmas day since 1926. so a big deal, especially when it's happening around christmas time. chicago could get a little bit of a wintery mix as we go through the day today and...
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david kerley, abc news, washington. >>> in other news this morning, a veteran of capitol hill was laid to rest in his home state of hawaii. in attendance was president obama. a 19-cannon salute was fired at senator daniel inouye's funeral. he died laths week at the age of 88. >>> new insight into mitt romney's failed presidential run. tagg romney says his dad never wanted the top job. he wanted to be president less than anyone i have met in my life, says tagg. he said his father is a very private person who simply does not like attention. >> interesting field to get into if you don't like attention. >>> out in space, a unique holiday show going on. jupiter and the moon will be in con vux in the evening. they're already close together in the sky and bright enough to be visible around the world, even if you're in a big city. >> with a home telescope you can see the moons, the mountains, the krarts. with the naked eye, you'll be able to see the show. enjoy a little, you know, christmas -- a different kind of christmas gift. >>> time for sot highlights from week 16 of the nfl. we get them
david kerley, abc news, washington. >>> in other news this morning, a veteran of capitol hill was laid to rest in his home state of hawaii. in attendance was president obama. a 19-cannon salute was fired at senator daniel inouye's funeral. he died laths week at the age of 88. >>> new insight into mitt romney's failed presidential run. tagg romney says his dad never wanted the top job. he wanted to be president less than anyone i have met in my life, says tagg. he said his...
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one of which in washington is almost been totally discredited because they really haven't included a broad swath of the opposition, broad enough that would have legitimacy with the opposition back in syria itself. but there are some attempts and people are thinking about these things-perhaps because of what happened in iraq in 2003. >> wonderful. one more. yes, please. >> what this likelihood that the regime will use chemical weapons and what should we or could we do if they do? >> good question. that's one of the questions that no one has an answer, understand what circumstances would the regime use chemical weapons. i suspect they don't want to use them because that would galvanize the exact international response they're trying to avoid. the don't want this type of mass blood-letting that will compel the international community to intervene much more assertively than it has. so i don't think they're going to use chemical weapons. the fear is, though, if the regime -- if the opposition gains the upper hand, if the regime is on its last legs will they want to go down in flames or wi
one of which in washington is almost been totally discredited because they really haven't included a broad swath of the opposition, broad enough that would have legitimacy with the opposition back in syria itself. but there are some attempts and people are thinking about these things-perhaps because of what happened in iraq in 2003. >> wonderful. one more. yes, please. >> what this likelihood that the regime will use chemical weapons and what should we or could we do if they do?...
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i i was on washington journal a month ago and i was asked this question, and if we go in, or if we militarily either more aggressive support in terms of the military aid or boots on the ground, air toast support, what's hezbollah going to do sunset what's iran going to do? what's russia going to do? this is quite volatile and i don't think we have thought out all of the potential possibilities of getting involved in another quagmire in the middle east. and as i said, i have lots of friends there if there was an easy answer to this, if military intervention -- if there was any chance where there was limited damage, collateral damage to our buys -- i use at brook army medical center i used to volunteer in the burn center, the boys coming back from afghan afghanistan and iraq and hit by ied asks other explosions and we have to think of these things before we blindly go in or semi blindly go in, and when i got back home, i received a bunch of e-mails from some generals, colonels, military people, and they were so thankful. they said thank you for bringing that up. thinking of the other side of th
i i was on washington journal a month ago and i was asked this question, and if we go in, or if we militarily either more aggressive support in terms of the military aid or boots on the ground, air toast support, what's hezbollah going to do sunset what's iran going to do? what's russia going to do? this is quite volatile and i don't think we have thought out all of the potential possibilities of getting involved in another quagmire in the middle east. and as i said, i have lots of friends...
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. >> cowboys need to win next week every the red cowboys, washington facing the eagles, rg3 rhode. redskins i can clinch with wayne over dallas next week. >> the nfc has three spots open with six teams vying for the final three spots next weekend, and the niners kick off right about now. >> ama: the rain is on the move. here's a live look at doppler 7 hd. you can see a wide range of you can see a wide range of showers tipping at this hour. you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >> ama: this just in. the men low park fire protection district is warning a creek is overflowing on roadways in east palo alto. the water is likely to cover p
. >> cowboys need to win next week every the red cowboys, washington facing the eagles, rg3 rhode. redskins i can clinch with wayne over dallas next week. >> the nfc has three spots open with six teams vying for the final three spots next weekend, and the niners kick off right about now. >> ama: the rain is on the move. here's a live look at doppler 7 hd. you can see a wide range of you can see a wide range of showers tipping at this hour. you know how much grandma wanted to...
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after some newspaper reporters tracked down an 11 washington. but there were other -- one of the great documents i found was from 1957 when thurmond gave his filibuster, yeah, for 24 hours in 1 18 minutes, there was an im published in the african-american university, the chicago defender. and the bulk of the item was puzzling over how was the thurmond was able to speak for 24 hours and 18 minutes with only one bathroom break. you've got to keep your voice lubricated. you've got to keep drinking water. the story the thurmond told to the press was he had gone down to the senate steam room and had intentionally dehydrated himself so when he drank water his body would absorb it like a sponge. i asked a urologist friend of mine about the viability of that, and he was pretty dubious. but that's the story but that's the story that's always been told. what was interesting about the peace in the african-american newspaper, the chicago defender, they said that the rumor around the capitol hill was that thurmond had been outfitted with a device designed fo
after some newspaper reporters tracked down an 11 washington. but there were other -- one of the great documents i found was from 1957 when thurmond gave his filibuster, yeah, for 24 hours in 1 18 minutes, there was an im published in the african-american university, the chicago defender. and the bulk of the item was puzzling over how was the thurmond was able to speak for 24 hours and 18 minutes with only one bathroom break. you've got to keep your voice lubricated. you've got to keep drinking...
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evening before the march on washington. he was at the hilton hotel in washington. now, he didn't like the way the march turned out, because he said it was like a picnic and that it was not strong enough. amy goodman: and he wasn't invited to speak. rep. john lewis: he was not invited to speak. we-i didn't have anything to do with that decision. amy goodman: after the civil rights and the voting rights act were signed, dr. king increasingly started speaking out against the vietnam war-his inner circle saying, "don't give that speech at riverside church," april 4th, 1967, a year to the day before he was assassinated in memphis, the "why i oppose the war in vietnam" speech. "you've got the president of the united states behind you. you got him to sign the civil rights and voting rights act," they said to dr. king. "don't take him on in a war that is not ours." yet he defied them and said it is. were you a part of that circle? what position did you take, john lewis? rep. john lewis: i supported the position of martin luther kin
evening before the march on washington. he was at the hilton hotel in washington. now, he didn't like the way the march turned out, because he said it was like a picnic and that it was not strong enough. amy goodman: and he wasn't invited to speak. rep. john lewis: he was not invited to speak. we-i didn't have anything to do with that decision. amy goodman: after the civil rights and the voting rights act were signed, dr. king increasingly started speaking out against the vietnam war-his inner...
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the top story, of course, a ticking clock in washington. tend of the year fast approaching. still no deal to avert the fiscal cliff.
the top story, of course, a ticking clock in washington. tend of the year fast approaching. still no deal to avert the fiscal cliff.
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"washington journal" is next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] h., congress returns later this week to washington with eight days to go to avoid the so- called fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your t
"washington journal" is next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] h., congress returns later this week to washington with eight days to go to avoid the so- called fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun...
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what happens in washington if we go over the cliff? >> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in afghanistan. for the first time ever, a female officer is the one who opened fire. an afghan policewoman shot and killed a u.s. military adviser just outside the police head quarters in kabul. >>> vietnamese fishermen rescued a florida man on a disabled yacht. he and three others were towing the yacht from the philippines when the tow rope broke. >>> a senator from idaho is apologizing this morning after he was arrested over the weekend for driving drunk. mike crapo has said previously he does not drink. >>> there's no evidence this mo
what happens in washington if we go over the cliff? >> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the...
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this is where the printing press for the washington post was done. kinds of things are very familiar if they were away working, they were independent, and we were mindful of work and what that meant. whether it was scrubbing the floor is or working in the executive suites to always provide respect and dignity to everyone. talk about women having their voices heard, i always felt very supported by my mother and father. my father was often challenged me in a way that is not often spoken about. he would say give it your best, whatever you do. keep in mind not everyone may understand or know he may have to offer but respect yourself always and respect others. >> how important is that whether it as teachers or guidance counselors? >> i know i would not be doing what i'm doing or working room working had not been for someone early in my life who challenged me and said you are going to be leaving my school. what are your plans? this was a career counselor in high school and asked me are you going to prepare itself for college? i don't have the means to go t
this is where the printing press for the washington post was done. kinds of things are very familiar if they were away working, they were independent, and we were mindful of work and what that meant. whether it was scrubbing the floor is or working in the executive suites to always provide respect and dignity to everyone. talk about women having their voices heard, i always felt very supported by my mother and father. my father was often challenged me in a way that is not often spoken about. he...
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hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana
hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one...
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we don't have a plan in washington. nominal gdp growth is 4% which would be something like recession in any other time over the past 50 or 60 years. so you're already recession-like types of -- >> you mean nominal levels? >> nominal is, you know, real plus inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there could be a bungee jump where you go over for a couple days and come back. >> if you're a market timer and you believe in your bungee do you think there's going to be an opportunity? >> absolutely. because i truly believe. the good news is, is this is setting ourselves up for true entitlement and tax reform in 2013. it could be six months from now. it could be a very difficult first six months. >> you're looking for a baby deal now? >> there's probably going to have to be a baby deal, partly because of amt. you cannot retro actively fix amt. that would hi
we don't have a plan in washington. nominal gdp growth is 4% which would be something like recession in any other time over the past 50 or 60 years. so you're already recession-like types of -- >> you mean nominal levels? >> nominal is, you know, real plus inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there...